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Top 10 oil refineries and diesel market
The article discusses the crisis of diesel shortages in global markets and its impact on supply chains and the economy, highlighting the importance of major refineries in ensuring production and meeting demand. Studies indicate that substantial refining capacity does not necessarily mean there is a surplus of diesel available for export; rather, it depends on operating rates, the flexibility to convert products, and the ability to export via the maritime transport network. Among the key global refineries capable of responding to the crisis are the Indian Jamnagar refinery, with a capacity of 1.4 million barrels per day and high flexibility, and the UAE’s Ruwais refinery, which, despite its large capacity, faces challenges in exporting products due to maritime bottlenecks. In addition to the volume of refining capacity, the ability to export diesel depends on several factors, including efficient refinery operations, converting production to diesel, and flexible sea transport, especially amid disruptions such as the detention of oil tankers in the Strait of Hormuz. It becomes clear that those who have the capacity to increase supplies through refinery operation, product conversion, and overcoming logistical obstacles are the most important in alleviating market pressure.
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